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Segment Reporting (Tables)
9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Schedule of Disaggregated Segment Operating Expenses on Functional Basis

The following table sets forth information on segment net loss, including significant segment expenses (in thousands):

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Revenue

 

$

4,121

 

 

$

4,032

 

 

$

12,377

 

 

$

10,170

 

Cost of revenue

 

 

2,011

 

 

 

2,094

 

 

 

6,095

 

 

 

5,140

 

Gross profit

 

 

2,110

 

 

 

1,938

 

 

 

6,282

 

 

 

5,030

 

Operating expenses:

 

 

 

 

 

 

 

 

 

 

 

 

Compensation expenses

 

 

8,626

 

 

 

9,170

 

 

 

27,388

 

 

 

28,294

 

Stock-based compensation

 

 

3,593

 

 

 

6,523

 

 

 

12,128

 

 

 

21,767

 

Professional expenses

 

 

3,542

 

 

 

3,568

 

 

 

9,712

 

 

 

11,571

 

Business expenses

 

 

2,187

 

 

 

2,498

 

 

 

6,860

 

 

 

7,447

 

Facility expenses

 

 

1,532

 

 

 

1,650

 

 

 

4,588

 

 

 

4,874

 

Depreciation and amortization

 

 

1,209

 

 

 

1,476

 

 

 

3,960

 

 

 

4,370

 

Other (1)

 

 

767

 

 

 

1,378

 

 

 

2,253

 

 

 

3,320

 

Total operating expenses

 

 

21,456

 

 

 

26,263

 

 

 

66,889

 

 

 

81,643

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest income

 

 

2,765

 

 

 

4,082

 

 

 

8,974

 

 

 

13,101

 

Loss on equity method investment

 

 

(1,419

)

 

 

(861

)

 

 

(4,835

)

 

 

(861

)

Other expense

 

 

(210

)

 

 

(224

)

 

 

(965

)

 

 

(484

)

Provision for income taxes

 

 

24

 

 

 

 

 

 

173

 

 

 

 

Net loss

 

$

(18,234

)

 

$

(21,328

)

 

$

(57,606

)

 

$

(64,857

)

(1)
Other includes laboratory expenses, travel expenses, and allocated costs.